Updated Oct 29, 2024
Lone Star Funds Acquires Multifamily Asset In Irving & Farmers Branch
1100 Lake Carolyn Pkwy, Irving, TX 75039, USA
Building Size
710 SF
Asset Type
MultiFamily
Closing
Aug 19, 2020
About this deal
AI
Located in the Irving and Farmers Branch market, a multifamily property consisting of 710 units has been sold. The property is situated at 1100 Lake Carolyn Pkwy and 1901 Knightsbridge Road.
Summary of transaction details
- Property Type: Multifamily
- Date: 08/20/2020
- Seller: JPI
- Buyer: Lone Star FundS
- Brokers: Drew Kile, Will Balthrope, Joey Tumminello, & Grant Raymond - Marcus & Millichap
The sale of this multifamily property represents an important transaction in the area. The deal was facilitated by the brokers Drew Kile, Will Balthrope, Joey Tumminello, and Grant Raymond from Marcus & Millichap.
Players
Irving MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93